Australia also has an entire continent's worth of natural resources and a population of 25M people. Of course when you can pull money out of the ground hand ove

Australia also has an entire continent's worth of natural resources and a population of 25M people. Of course when you can pull money out of the ground hand over fist you can afford to spread a little of it around in the form of generous welfare and social services. It is a classic resource economy, helicopters of money everywhere during the boom years, take on debt during the bust years, cycle repeats.